Quick ways to make profit

August 15, 2019 |
Profit
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In this article I’m going to share with you a few quick methods to make a little extra profit.

Increase your prices

This one can be quite unpopular, however a common saying I hear is ‘well if I double my prices then I’ll lose half my customers!’

Because, well, yes. You’ll have half the customers, and still get the same amount of money through the door.

Same money, half the work.

Sound good?

Highly recommended for those saying “I’m so busy with work I don’t have time to do anything else”

Record your time properly

This one continues to be a killer for us at Tekkers.

For every 15 minutes not logged by our fee earning engineers, we lose an additional ?30k in revenue every year, and that’s from just 15 minutes.

If you bill per hour, then make sure you and your staff are recording their time properly and accurately. There are plenty of tools out there to help you with this mammoth of a task – but feel free to ask in the comments down below, or on our Facebook group.

Sell everything

A bit out there, but I once made over ?800 in one weekend from selling old toys on eBay.

It goes to show that if you need a quick win, it’s really possible (in small amounts).

I’m even tempted to start car boot selling to find some more of the ?100 action figures !